GSL / Offshore and International Law. Offshore companies registration. / Offshore Banking / Yes Bank

How to open a bank account in Yes Bank

GSL reference about the bank What is it?

Being professional intermediaries, we are limited in giving public opinion about some financial institutions. Please contact us directly to obtain more detailed feedback.

GSL rating

Beginning of cooperation

July, 2023

Last contact

April, 2024

Last update

October, 2023
  • Yes Bank – founded in 2004;
  • opens accounts only for local companies, does not work with non-residents;
  • opening an account requires a visit of the company director to the bank;
  • cards can be issued;
  • Internet bank in English;
  • account opening period, please check with a consultant
GSL rating
Beginning of cooperation
July, 2023
Last contact
April, 2024
Last update
October, 2023
Your Consultant
Поиск консультанта...

Поиск консультанта...

+44 0 207 822 85 93

General information and rating

Not rated
Global rating
Not rated
Countrywide rating
—
Countrywide rating of the head bank
—
Global rating of the head bank
Year of foundation
2004
History
It was established in 1999 by three Indian bankers. In 2003, the company was rebranded to Yes Bank. The bank survived the financial crisis in the first quarter of 2020. The bank was supported by Reserve Bank of India (RBI), State Bank of India (SBI), HDFC Bank, ICICI Bank, Axis Bank and others
Personnel
Staff speaks English
Bank’s shareholders
STATE BK OF INDIA - 26,14%;

Verventa Holdings Ltd. - 6,427%;

Life Insurance Corporation of India (Investment Portfolio) - 4,341%;

HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED - 3,478%;

The Vanguard Group, Inc. - 2,643% etc.
Confidentiality
Judicial Cooperation Agreement with Russia is signed; Double Taxation Agreement with Russia is signed; AML legislation is strictly observed
Compare banks

    Minimum requirements

    0
    Minimum balance, €
    No restrictions
    Transactions permitted per month
    0
    Initial deposit of funds, €
    0
    Deadline for the initial deposit, month
    Transactions permitted per month
    No restrictions on the number of transfers
    Minimum turnover, €/year
    No turnover restrictions
    How fast payments are executed
    Same day or next day

    Tariffs and services

    75
    Outcoming transfer, €
    0
    Incoming transfer, €
    N/A
    Account maintenance, €/year
    N/A
    Payment limit for credit cards, €/day
    Outcoming transfer, €
    Transfer fee is ~ 0,10% - 0,15%
    Incoming transfer, €
    No commission for enrollment incoming transfer
    Distant access to the account
    Internet banking in English
    Financial products
    The main function of a bank is to provide its customers with banking and financial services for both individuals and organizations. These services include individual savings and current accounts, corporate banking, loans and more. In addition, Yes Bank is part of a network of closely related companies that offer wealth and asset management services to its clients
    Credit/debit cards
    Yes

    Account opening procedure

    Days to open for incoming transfers
    Case by case
    Days to open for outcoming transfers
    Case by case
    References
    Not necessary
    Purpose of the account
    Savings & current
    Visit to the bank
    Opening an account requires a personal visit of the director of the company to the bank
    Required
    Completed bank forms, client passport / ID, standard set of corporate documents, etc.
    Types of accounts
    Savings; Current
    Chances to open an account
    Predictable
    Business description
    Requirements to the description of the activity are standard: a story about the current state of the business and its formation, disclosure of the source of origin of funds, biography of the account beneficiary and contact information
    Offers
    Registration of a Private Limited Company in India. Service offer

    India is gradually becoming a fully-fledged player on the international market. It is no secret that the country attracts a growing number of foreign investors an...

    7600 USD

    Buy

    Banks of India

    Bank
    The cost of opening an account, $
    Global rating
    Countrywide rating
    GSL rating
    Canara Bank
    2 500
    N/A
    N/A
    Bank of India
    2 500
    N/A
    1
    Bank of Baroda
    2 500
    N/A
    5
    Punjab National Bank (PNB)
    2 500
    N/A
    N/A
    Yes Bank
    2 500
    N/A
    N/A
    IndusInd bank
    2 500
    N/A
    N/A
    ICICI Bank
    2 500
    N/A
    3
    HDFC Bank
    2 500
    7
    1
    Axis Bank Limited
    2 500
    N/A
    N/A
    Kotak Mahindra Bank Ltd
    2 500
    N/A
    4
    State Bank of India (SBI)
    2 500
    48
    2
    Need a consultation from a specialist?
    Share on social media:

    Add a comment

    By clicking the «Send» button, you agree to the processing of personal data in accordance with the terms of our privacy policy

    RU EN